Federal Realty Investment Trust (NYSE:FRT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Federal Realty Investment Trust (NYSE:FRT) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $120.82.

A number of research firms have recently weighed in on FRT. Mizuho lifted their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Raymond James boosted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Scotiabank boosted their price target on Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Finally, Truist Financial raised their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.

Federal Realty Investment Trust Stock Up 1.3 %

Federal Realty Investment Trust stock opened at $115.94 on Friday. The company’s 50-day moving average price is $109.93 and its two-hundred day moving average price is $103.91. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The stock has a market cap of $9.62 billion, a P/E ratio of 41.26, a P/E/G ratio of 2.17 and a beta of 1.23. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $117.23.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). The firm had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. Federal Realty Investment Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. As a group, analysts expect that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Institutional Trading of Federal Realty Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Family Firm Inc. bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth about $33,000. Blue Trust Inc. grew its holdings in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares in the last quarter. Tidemark LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $40,000. Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust during the second quarter worth $42,000. Finally, Quarry LP purchased a new position in Federal Realty Investment Trust in the fourth quarter worth $50,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.